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As countries struggle to pay their debts, Germany has emerged as only country with enough money to help. But the price for such aid — more control over how they run their economies — is setting off alarm bells.

If we need to cripple them we can ask for war repayments! It can be PROVEN they are the MOST endebted nation if we go back to ’42 (summer winter, who cares!) Failing that we go back to ’18!! Redo it all!!

OR, we can commence bombing Hamburg as a center of known terra-istictick activity!

Wallace also ran the part of her clip when she was handed the phone with the unconfirmed message about Q (handed it by Huma Abedin) … the part where she said, We Came We Saw He Died. She said she did not want to comment on that.

The Great Recession was triggered by the collapse of the real estate bubble epidemic of mortgage fraud by lenders that hyper-inflated that bubble. That epidemic could not have happened without the appointment of anti-regulators to key leadership positions. The epidemic of mortgage fraud was centered in loans that the lending industry (behind closed doors) referred to as “liar’s” loans – so any regulatory leader who was not an anti-regulatory ideologue would (as we did in 1990-1990 during the first wave of liar’s loans in California) have ordered banks not to make these pervasively fraudulent loans. One of the problems was the existence of a “regulatory black hole” – most of the nonprime loans were made by lenders not regulated by the federal government. That black hole, however, conceals two broader federal anti-regulatory problems. The federal regulators actively made the black hole more severe by preempting state efforts to protect the public from predatory and fraudulent loans. Greenspan and Bernanke are particularly culpable. In addition to joining the jihad state regulation, the Fed had unique federal regulatory authority under HOEPA (enacted in 1994) to fill the black hole and regulate any housing lender (authority that Bernanke finally used, after liar’s loans had ended, in response to Congressional criticism). The Fed also had direct evidence of the frauds and abuses in nonprime lending because Congress mandated that the Fed hold hearings on predatory lending.

The S&L debacle, the Enron era frauds, and the current crisis were all driven by accounting control fraud. The three “des” are critical factors in creating the criminogenic environments that drive these epidemics of accounting control fraud. The regulators are the “cops on the beat” when it comes to stopping accounting control fraud. If they are made ineffective by the three “des” then cheaters gain a competitive advantage over honest firms. This makes markets perverse and causes recurrent crises.

From roughly 1999 to the present, three administrations have displayed hostility to vigorous regulation and have appointed regulatory leaders largely on the basis of their opposition to vigorous regulation. When these administrations occasionally blundered and appointed, or inherited, regulatory leaders that believed in regulating the administration attacked the regulators. In the financial regulatory sphere, recent examples include Arthur Levitt and William Donaldson (SEC), Brooksley Born (CFTC), and Sheila Bair (FDIC). Similarly, the bankers used Congress to extort the Financial Accounting Standards Board (FASB) into trashing the accounting rules so that the banks no longer had to recognize their losses. The twin purposes of that bit of successful thuggery were to evade the mandate of the Prompt Corrective Action (PCA) law and to allow banks to pretend that they were solvent and profitable so that they could continue to pay enormous bonuses to their senior officials based on the fictional “income” and “net worth” produced by the scam accounting. (Not recognizing one’s losses increases dollar-for-dollar reported, but fictional, net worth and gross income.) When members of Congress (mostly Democrats) sought to intimidate us into not taking enforcement actions against the fraudulent S&Ls we blew the whistle. Congress investigated Speaker Wright and the “Keating Five” in response. I testified in both investigations. Why is the new House leadership announcing its intent to give a free pass to the accounting control frauds, their political patrons, and the anti-regulators that created the criminogenic environment that hyper-inflated the financial bubble that triggered the Great Recession and caused such a loss of integrity? The anti-regulators subverted the rule of law and allowed elite frauds to loot with impunity. Why isn’t the new House leadership investigating that disgrace as one of their top priorities? Why is the new House leadership so eager to repeat the job killing mistakes of taking the regulatory cops off their beat?

The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.

Oh just drowning in bullshit now as a veritable ne0-Buffet of TOOLS are spread before us, Ray. Ponder that Enlightenment. Which he may obtain yet upon New York apeshitters eventually crossing border into Connecticut and bashing him all pipe-wrench upside his New Age HedgeFundy Bullshit Babble-Brooking skull.

This algeresque Caddy-climbed-to-Harvard-B-School turned Zenny-Bridgewater Associates Dalio – like everyone else in the Made a Few Billion along the way GAME, have built their coin-collecting careers dragging bags across global-stomping Imperial Country Club.

Fucker is talkin a 3% raise on taxes across the board…spread out over 10 years… “Quality conversation” HAHAHAHAHAHAHAHA

The system is apparently broken. It isn’t working for people at a fundamental level,

😆 and it must be fixed. Someone needs to listen. We ALL need to listen. Mostly, our lawmakers need to listen, okay? And not just when they’re campaigning. 😆

Oh no, no, no, no Cheryl. – , It’s quite alright!
No inconvenience whatsover!….Shooting you ALL in the basement.

But my sympathy and support for such a protest abruptly ends when the protest becomes “group think” and starts looking like a Witch Hunt. I was in Jakarta, watching stunned as several news reporters featured a young lady standing in front of News Corps’ Rupert Murdoch’s private home in New York City 😯 😆 with a megaphone in her hand, shouting to the crowd and the news camera about how much he paid for his home, and what an extravagant lifestyle he had, while she and the gang standing with her didn’t get to live so high. She and her megaphone went on a rampage about other details of Mr. Murdoch’s private life, singling him out as if he personally affected her negatively in some way. It was disgusting.

Okay, Mr. Murdoch is a wealthy man. And, okay, perhaps his company takes corporate tax breaks. I have no idea. It’s not my business. I assume he pays his taxes along the lines of the current tax code as written into law, and he should. We all should, and we should do so proudly. As a side note, we’re lucky to live in America — with all our problems, it’s still one of the greatest places on earth to be. At any rate, Mr. Murdoch certainly doesn’t need me to vouch for him one way or the other. What I am particularly concerned about was that the protesters were harassing one segment of our population, and in particular, one individual. They were targeting and blaming that one individual for all the current ills of society. It is dangerous and wrong.

Okay! …Well you know,…. “quality conversations” and Cheryl Whoever The Fuck She Is Saban….and talkin about lists…
All I have to say, Bob Barker, is this:
Ray Dalio, Cherly Saban, ETC!
Come on Down! YOU have been selected!
As the next GUILLOTINE CONTESTANTS on the PRICE IS RIGHT!

What I am particularly concerned about was that the protesters were harassing one segment of our population, and in particular, one individual. They were targeting and blaming that one individual for all the current ills of society. It is dangerous and wrong.

Poor Cheryl. She sounds nutty. She’s raising “concern troll” to a new meaning…. Maybe she can sign on with Hillary and Huma. Samantha Powr and Susan Rice. Liz and Mary Cheney, too…

All the apologists on that thread– the dislikers of drum circles and pot, the lovers of the “PAY YOUR BILLS!” mantra– they probably all have jobs at the Saban mansion(s) cleaning the fifty-six bathrooms or something. Dipshits.

I’m just sick of these putzes whining about their precious, sacred privacy. Christ. None of these sheltered assholes like Mr. & Mrs. $aban would tolerate for three seconds the insane intrusions into one’s personal life (not to mention the elevated danger of identity theft) that people like me have to endure daily just to “stay in the job pool.”

The Peruvian government has released dramatic new footage showing a near-encounter with a group of uncontacted Indians along a riverbank in the Amazon rain forest. The video was taken by travelers on the Manu River in southeastern Peru in recent months, according to officials from Peru’s Ministry of the Environment, who released the images on Monday.

I wish they world would leave these people alone; IF they wanted contact and machetes and guns and cast off clothes then THEY would come out of the forest and look for trade or some cocksucking black robe to teach them how to be a “civilized injun”

ALBANY — In a tense battle of wills, state troopers and Albany police held off making arrests of dozens of protesters near the Capitol over the weekend even as Albany’s mayor, under pressure from Gov. Andrew Cuomo’s administration, had urged his police chief to enforce a city curfew.

The situation intensified late Friday evening when Jennings, who has cultivated a strong relationship with Cuomo, directed his department to arrest protesters who refused to leave the city-owned portion of a large park that’s across Washington Avenue from the Capitol and City Hall.

At the Capitol, in anticipation of possibly dozens of arrests, a State Police civil disturbance unit was quietly activated, according to officials briefed on the matter but not authorized to comment publicly. But as the curfew neared, the group of protesters estimated at several hundred moved across an invisible line in the park from state land onto city property.

“We were ready to make arrests if needed, but these people complied with our orders,” a State Police official said. However, he added that State Police supported the defiant posture of Albany police leaders to hold off making arrests for the low-level offense of trespassing, in part because of concern it could incite a riot or draw thousands of protesters in a backlash that could endanger police and the public.

“We don’t have those resources, and these people were not causing trouble,” the official said. “The bottom line is the police know policing, not the governor and not the mayor.”

A city police source said his department also was reluctant to damage what he considers to be good community relations that have taken years to rebuild. In addition, the crowd included elderly people and many others who brought their children with them.

“There was a lot of discussion about how it would look if we started pulling people away from their kids and arresting them … and then what do we do with the children?” one officer said.

Well, the obvious political triangulation aside: i.e. : Andy and Police Brass all LawnOrdery, the NY State Police & Albany PD used as makeover for cops everywhere .. 🙄 … well. taking a pulse and liberties here with the old saying ::: Just because the masses now ARE OUT to GET YA , doesn’t mean you ‘thoritarians shouldn’t be paranoid –

It’s like that, now.
So whatever they say happened behind the scenes, Stillllit IS introduced into the mix: the inevitable Well Fuck ME O’Rourke – -> what DO YOU DO when the crowds are MOBILIZING with uhm, PEOPLE WE KNOW?

More importantly I’d say, – > with people who know THEM, as these one-horse State Capitol towns afford little of the functional anonymity for police state retainers found in the major metros…

“Our official policy with peaceful protesters is that unless there is property damage or injuries to law enforcement, we don’t prosecute people protesting,” Soares said. “If law enforcement engaged in a pre-emptive strike and started arresting people I believe it would lead to calamitous results, and the people protesting so far are peaceful.”

Soares said another concern discussed by law enforcement officials 💡 😯 💡 was whether arrests could trigger an influx of young adults from Albany’s significant college community.

Joshua Vlasto, a spokesman for Cuomo, did not respond directly to questions about contact between Cuomo’s secretary, Larry Schwartz, and Jennings. “The state is working collaboratively with the city to enforce the curfew,” Vlasto said in a statement Friday evening.

And they clearly want to keep Cuomo-handler Schwartz’s exhortations under wrap…

Late Friday afternoon, after his contact with the governor’s office, Jennings took a hard-line stance and indicated he had instructed his police force to enforce the city’s curfew. He declined to talk about his conversations with Schwartz, saying: “It’s not important.”

Inside police circles, there was speculation by some officials that the pressure from the governor’s office to enforce the curfew was about political perception. They noted that some critics had questioned New York City Mayor Michael Bloomberg’s handling of a similar protest in lower Manhattan that has become an organized fixture, with medical supplies, food and even donated office space supporting the protesters.

Jennings and Krokoff could not be reached for comment on Sunday afternoon. About 30 tents remained as the sun rose Sunday morning, and protesters who stayed the night remained commited to staying in the park as long as their message had not yet affected change.

“I think this has to go on indefinitely,” said Chris Scully, 23, an engineer from Troy, as he wrote “Our Way Of Life is Dying” on a sign.

Local media outlets captured a small fight on video that happened during the Saturday night protest, a scuffle that apparently involved a passer-by trying to take a sign away from someone. But police made no arrests. The protest, called Occupy Albany, is an offshoot of the ongoing Occupy Wall Street protests in New York City that participants say aim to eradicate economic inequality. The protests have taken place across the country and spread overseas, including London.

The police strategy in Albany was evident early Friday. Krokoff issued a departmentwide memo instructing officers “to be continually aware of the possibility that a small element may intentionally seek to draw us into conflict,” according to a copy obtained by the Times Union. “At this time 😆 I have no intention of assigning officers to monitor, watch, videotape or influence any behavior that is conducted by our citizens peacefully demonstrating in Academy Park. … In the event we are required to respond to a crime in progress or a reported crime, we will do so in the same manner that we do on a daily basis.”

Assuming the Staties and Albany Police administrative cadres are not just plum-fuck stupid, they have to peg the people who own freeloader Cuomo as shivving them in a heartbeat before ever dreaming of ruffling Bloomberg or Kelly’s feathers…

Another thing, …..Last time I checked, John Lennon wasn’t springing for flak-jackets and the Bankster lucre doesn’t much reach many in the hinterlands…I think to the individual-account extant the provincial mounties or their families got unceremoniously ass-raped by the likes of DNC mahoff/ Hillary AND Obby consultant/ Shumer’s campaign manager – TWICE HANK MORRIS, ,,,, hevesi-sentenced-to-one-to-four-years/Alan Hevisi and the latest of these pod-people fixers like Schwartz with forearm straight up Cuomo’s posterier puppethole now, I doubt they really take all that kindly to Andy Stoogey or scumbag after scumbag out of Rubin + Bloomberg + Schumer + Shelly Silver’s……. city….

PORTLAND — Occupy Maine protesters say Sunday morning’s attack with a chemical explosive has left them with a mixture of anxiety and resolve.

“We are more motivated to keep doing what we’re doing,” said Stephanie Wilburn, of Portland, who was sitting near where the chemical mixture in a Gatorade bottle was tossed at 4 a.m. Sunday. “They have heard us and we’re making a difference.”

Wilburn said she was startled and briefly lost hearing in her left ear when the device exploded beneath a table about 10 feet away. Wilburn’s hearing returned and police said no injuries were reported.

Portland police Sgt. Glen McGary said the bomb was thrown into the camp’s kitchen, a tarped area where food is cooked and served. Protest organizers said the explosion lifted a large table about a foot off the ground.

“There was no fire . . . We had a good 20 feet of thick smoke rolling out from under the table,” Wilburn said. They could see the “G” on the 24-ounce bottle and its orange cap, as well as bits of silver metal, she said.

She and a friend who ran over to look at it breathed in fumes that smelled like ammonia, she said.

Witnesses said a silver car had been circling before the attack, its occupants shouting things like “Get a job” and “You communist.” They believe someone from that car threw the device, according to a statement from Occupy Maine.

Anyways…Last night, I had a blurb up about Ray Dalio of Bridgewater making the rounds…
on Charlie Rose, very sober, remain calm, just a here to help everybody through the “deleveraging” and all, just another Hedge Fund guy , looking for a “quality conversation” etc…

Which is nice.

Of course today he dropped Hitler into the mix in an op-ed he did for the Financial Times of London…

I don’t have access to FT but pinched it from via XH (who, day traders in rigged game they are, seem to love him, 🙄 the simps..)

Risk on the rise as political leaders give in to mob rule

We are in the midst of a deleveraging,{ that wouild be “COLLAPSE” – bhhm} we are nearly out of ammunition and we are at each other’s throats. Being in a deleveraging and nearly out of ammunition is a very difficult position to be in. 😆 😆But, being at each other’s throats is our biggest problem.

Our character 😆 and our political 😆 and social 😆 systems are now being tested in ways that have typically been tested in past deleveragings. In deleveragings bad economic conditions typically lead to emotional reactions, social and political fragmentation, poor decision-making and increased conflict. When this occurs in democracies, the checks and balance system, which is intended to yield the best decisions for the whole, can stand in the way of thoughtful leadership and lead to ineffective “mob” rule. This dynamic can lead to a self-reinforcing downward spiral.

Frustrations increase, the established ways of doing things come under attack and frustrations over the ineffectiveness of government creates the perceived need for someone to gain control of the mess. Plato spoke of this dynamic. It was the reason Hitler was elected in 1933.

In our opinion these types of risks are now emerging and should be taken into consideration when trying to figure out what may lie ahead. Rather than trying to resolve disagreements through thoughtful discourse, people are now trying to grab power to beat and suppress their opponents. Tensions between the rich and the poor, capitalists and socialists, those in and out of power and different factions in each group are now intensifying in a manner that is classic in deleveragings. Politicians who are fighting for power in a political year are fanning the flames and are increasingly willing to do risky things (like shutting down the government) in pursuit of their missions and popular support.

This growing populism will have important implications for monetary, fiscal and trade policies and will significantly increase risks of a markets downturn and a global depression.

Regarding monetary policy, the mob is at the gates of the Federal Reserve and wants to grab control while those on the inside are in disagreement about what should be done. Fed chairman Ben Bernanke and those who helped him save the country from depression are now under siege. These challenges are being faced in different forms by most central banks at the same time as they are nearly out of ammunition – i.e., their capacities to ease are very limited because they cannot stimulate private credit creation and because they cannot get money in the hands of people who will spend it. For these reasons there is greater risk that central banks cannot save us as they have always saved us in the past.

The battle between the left that wants to tax the rich more and the right that wants to cut entitlement spending is at a fierce stalemate that is likely to intensify in more scary ways. As a result, fiscal policy is unlikely to be supportive to economic growth.

With high unemployment and growing anger, the “mob” is blaming the foreigners who “took their jobs,” especially the Chinese who they say are “manipulating” their currency to “compete unfairly”. And since politicians want popular support, they are navigating this issue to gain political benefit (e.g., to put the US President in the position of having to choose between the political suicide of vetoing Senator Charles Schumer’s currency bill

Oh BullllSHIT

.. and clashing with China) rather than to approach this difficult issue calmly and analytically. Trade flows and capital flows are increasingly being looked at by all sides as possible weapons in an economic war. As a result, the risks of bad surprises in trade and capital flows are heightened.

Mobs are at the doors of bankers and others in the financial system, screaming to politicians to put these people in jail while the vote-seeking politicians are fanning the flames rather than reminding people that the legal system is the way these people should be judged. Since banks are levered about 15 to 1, it doesn’t take much of a debt problem to cause them solvency problems, and since in deleveragings debt problems are big, there is significant risk banks will run out of equity again and the fury against them will intensify. For these reasons risks to the global banking system are much greater than normal.

While we hope that most people and their leaders will approach these difficult challenges calmly and collectively, we would not be meeting our fiduciary responsibilities if we bet on this happening without clear evidence of it. We are not alone in having and expressing our concerns in what has come to be known as “risk-on” and “risk-off” market movements.

If we calm down and work together to properly manage this difficult situation 😆 – for example, if we can properly distribute both the austerity and the increased efforts that are required to manage our debt burdens – we can get through this deleveraging without great pain. 🙄 If we can’t, we may experience an economic, social and political collapse.

Ya .
Really..
A l’il bit il sotto vocce there at the end from the real 15th Dalai Lama, there, of Warren Buffet’n’all…
A real “quality conversation” , there/
A bit anticlimactic in all senses considering the point of origin, where he noted “we” are presently “at each others” you know, throats”, and uhm, mobs are at the door, the Fed is under siege, markets and the political process are in, depending on relative POV, a difficult=oidal(/i>sort of deleveragingish..situation.
Ya.
Could be.
We could even.move on to the whole COLLAPSAGING thing.
AND HITLER.

Sharia law is set to guide Libyan legislation, but the transitional government insists it will be moderate.

By KIM GAMEL, Associated Press / October 25, 2011

After giving a speech that emphasized the Islamization of Libya, the head of the transitional government on Monday tried to reassure the Western powers who helped topple Moammar Gadhafi that the country’s new leaders are moderate Muslims.

“Sometimes I think people forget how much has gotten done,” the president said, as Smith and Johnson looked on. He urged his backers to rally once again, at the same time joking, as he often does, that he is older and grayer now. This election won’t be as sexy as the first one.”

At Banderas’ and Griffith’s house, its entrance path lined with rose petals and votive candles, Obama told about 120 mostly Latino contributors that he has kept a list of his campaign promises and that, by his count, he has accomplished about 60 percent of them.

“I’m pretty confident we can get the other 40 percent done in the next five years,” he said to loud applause.

Hobama in the highest! Rumor is the Petals didn’t even bruise under under his sacred Tuxedo slippers!

A miracle in face of opposition in the face of “those darn republicans!” ™ ( “miracle” not to be included in the 40% yet to accommplish, satisfaction not guranted see attached small print legaleze etc, etc. ad infinitum, aud nauseum )

These are available for a small campaign donation (or promise of future boardmembership)*

*you may be bequeathed other relics** from little Lord Oobster boys brief “reign”

**other relics available: slightly soiled Libyan “mad dog” undergarments (tres sexy, dontcha know?!) complete with “crossfire” blood stains. various american “scalps” , all turbaned of course, a set of very old, very worn Al qaeda house slippers, some shit-stained parchments (US constitution, various Geneva conventions and International treaties) and an enormous, though thoroughly ripped, and abyssmally empty bag that was the US economy***

***Economy is gonna be the least of your troubles as the biota collapses and the mobs come pillaging fo food 😉

It is unbelievable that any minority would still support HIM (cue cherubs from Bennetton with trumpets) let alone “Latinos” (an appellation which my activist Chicano friends despise,) who we all know are the recipients of the vast majority of the deportations. It doesn’t seem to be possible that any would support him…. until you look at the guest list.

So.

At Thursday's debate, Senators Bernie Sanders and Elizabeth Warren defended their Medicare for All plan. They faced criticism from several rivals, including Senator Amy Klobuchar, who described it as a "bad idea," and South Bend Mayor Pete Buttigieg, who claimed the bill shows Sanders and Warren do not "trust the American people."

At the third presidential primary debate in Houston, Texas, senator and 2020 candidate Elizabeth Warren called for the withdrawal of U.S. troops from Afghanistan. Warren also spoke about her stance on U.S. trade policy and how "our trade policy in America has been broken for decades."

After being questioned about the crisis in Venezuela, Senator Bernie Sanders defended his vision of democratic socialism. "I agree with what goes on in Canada and in Scandinavia: guaranteeing healthcare to all people as a human right. I believe that the United States should not be the only major country on Earth not to provide paid family and medical le […]

Debate moderator Jorge Ramos of Univision grilled former Vice President Joe Biden over the Obama administration's deportation record. Biden refused to answer whether he did anything to prevent Obama from deporting a record 3 million people.

A U.S. House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from top executives of Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc's Google, widening the antitrust probe of Big Tech.

U.S. Senator and Democratic presidential candidate Kamala Harris on Friday asked a government watchdog to look into the Trump administration's decision to launch an antitrust probe into four automakers cooperating with California on tighter greenhouse gas emissions limits that Trump is trying to eliminate.

A lawyer for former FBI official Andrew McCabe pressed U.S. prosecutors on Friday to drop their politically sensitive case against him, citing reports that suggest they may be having trouble securing criminal charges.

Media

from Howl

I'm with you in Rockland
where we wake up electrified out of the coma
by our own souls' airplanes roaring over the
roof they've come to drop angelic bombs the
hospital illuminates itself imaginary walls collapse
O skinny legions run outside O starry
spangled shock of mercy the eternal war is
here O victory forget your underwear we're free
I'm with you in Rockland
in my dreams you walk dripping from a sea-
journey on the highway across America in tears
to the door of my cottage in the Western night

October 7 1955

"a remarkable collection of angelson one stage reading their poetry"
"I think Allen Ginsberg standing up there reading - putting himself on the line - was one of the two bravest things I've ever seen. Remember, it was '55. People had crew cuts, and they looked at you like you were misplaced cannon fodder. The country was being run by Luce publications. It was a dangerous, cold, ugly time, and it was scary. . .
In all our memories no one had been so outspoken in poetry before. We had gone beyond a point of no return. None of us wanted to go back to the grey, chill, militaristic silence, to the intellectual void - to the land without poetry - to the spiritual drabness. We wanted to make it new and we wanted to invent it and the process of it as we went into it. We wanted voice and we wanted vision."
-Michael McClure

Democrats…

Same as goddam fucking forever.
Over and over, in election year after election year, GE and MidTerms both… the Dems start to purr and preen, they stretch luxuriously - at just being TOLD they are going to win [...]
It never fails.
... in February of 2002, looking over the already joyless congressional stragglers willing to be drafted for duty… they barely dreamed, yet, it was even possible (Howard, a different person then, had not arrived to say it could be done)… but one thing was clear, we could not rely on the party to swing it. Could not. You could smell it, they would screw the deal. And I am not talking about Howard and primary issues here. By the end, that was a passing political story. Chuck it on the heap.
[...]
Upshot? The Republicans make it thru. They hold on.